Answer:
Explanation:
Date = July 1 - 21
Expenses = 3,120,000
Weighted average expenses = 3,120,000 * 6/12 = 1,560,000
Accumulated expenses = 1,560,000
Date = Sept 1 - 21
Expenses = 6,468,000
Weighted average expenses = 6,468,000 * 4/12 = 3,716,000
Accumulated expenses = 3,716,000 - 1,560,000 = 2,156,000
Date = Dec 1 - 21
Expenses = 5,870,000
Weighted average expenses = 5,870,000*0/12 = 5,870,000
Accumulated expenses = 5,870,000 - 2,156,000 = 3,716,000
Thus, the weighted-average accumulated expenditures were $3,716,000.
